Mytra closes $150M funding for pallet-storing robots

Mytra Inc. today said it has closed its $120 million Series C round. The company has been developing an automated storage and retrieval system, or ASRS, to handle pallets with loads weighing up to 1,360 kg (3,000 lb.).

Material handling and movement represent nearly 50% of manufacturing labor, according to the U.S. Census Bureau. However, they have not changed much in a century, noted Mytra. As a result, more than 400,000 industrial roles are open today, and that figure is headed to 2 million by 2030, reported the National Association of Manufacturers.

Meanwhile, Arker Warehouse said that about 60% of warehouse footprint is “dead space” — aisles and clearance that add cost but no value. Approximately 80% of industrial facilities have no automation because of cost, complexity, and limited flexibility once installed, noted Research and Markets.

“I saw firsthand that material flow needs a fundamental platform shift, not incremental improvements,” said Chris Walti, co-founder and CEO of Mytra. “We’re not building better warehouse robots; we’re rebuilding the infrastructure layer that every industrial process depends on. Material flow should work like cloud computing: abstracted, programmable, and continuously optimizing.”

Mytra abstracts material flow for efficiency

Mytra Robotics has developed mobile robots that can climb its ASRS and store pallets with a passive infrastructure. The company was the 2025 RBR50 Startup of the Year.

In addition to its climbing Mytrabots, the company‘s built-in inventory management software uses AI to coordinate storage and queuing of the pallets as needed for trailer loading or depalletizing.

According to Mytra, its automation is also useful for cross-docking warehouses because it can statically stage and store full pallets, queuing them for the trailer loading process. The system abstracts material flow into software-defined primitives — move, store, pick, route — that standardize operations and make every cubic foot of space addressable.

Mytra said its early deployments have demonstrated 32% reductions in material handling labor and 34% improvements in storage density.

Customer base and investor list grow

Founded in 2022, Mytra last year signed contracts with some of the world’s largest organizations. It now counts a Fortune 100 food company and a Fortune 500 industrial-supply distribution company as customers.

In 2025 alone, Mytra said it signed a large-scale deployment 60x the size of its largest prior installation, shipped two pilot systems, went live in production at its new customer site, and moved into a new facility 7x its previous space.

The Brisbane, Calif.-based company also grew its team by 78%. Mytra has added Gabi Gantus as chief financial officer, Ingrid Cotoros as chief development officer, and Nigel Marcussen as vice president of scaling. Zach Kirkhorn, former chief financial officer at Tesla, has joined its board.

Avenir Growth led Mytra’s Series C round, which brought its total funding to more than $200 million. New investors Kivu Ventures, Liquid 2, D.E. Shaw, and Offline Ventures participated alongside existing investors Eclipse, Greenoaks, Abstract Ventures, and Promus Ventures. The company’s strategic investors include Lineage and RyderVentures, the corporate venture capital arm of Ryder System Inc.

Mytra said it plans to use its latest funding to accelerate and scale deployment to meet customer demand and to acquire strategic talent.